[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]

LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Former Vestas CFO Nørremark charged over Indian deal  

Credit:  23 July 2013 by Staff, windpowermonthly.com ~~

Former Vestas chief financial officer Henrik Nørremark has been formally charged following an investigation by the public prosecutor for serious economic and international crime, according to reports.

It follows the revelation from Vestas in May that it had brought in the fraud squad to investigate a EUR 18.9 million deal Nørremark made while still at the company.

In a company announcement, Vestas said it had handed details of the case to the state prosecutor for serious economic and international crime.

At the time, Vestas said the EUR 18.9 million relates to two orders. One involved the ending of two debt agreements with an Indian company worth a total of EUR 4.4 million. The other was a EUR 14.5 million investment with the same company for a potential project in India.

Nørremark had been CFO since 2004. However, at the beginning of the year he was made deputy chief executive. He only held the role for a number of weeks before he left Vestas.

[rest of article available at source]
Source:  23 July 2013 by Staff, windpowermonthly.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:

Tag: Complaints


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

Wind Watch on Facebook

Follow Wind Watch on Twitter